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DAILY NEWS LETTER
Date: 17.10.2019
Nifty Short Term Trend
It was a highly volatile session for the market but the buying
strength in late trade helped the Nifty50 close higher for the
fourth consecutive session on October 16. The index formed
Doji pattern on the daily charts, which indicate some
consolidation in the coming session as there is some
indecisiveness among bulls and bears, and the index closed
near to opening levels. One interesting thing which was visible
on the charts was a buy signal triggered by MACD indicator on
the daily charts. The MACD indicator is basically a refinement of
the two moving averages system and measures the distance
between the two moving average lines. The Nifty50 after
opening higher at 11,464.95 hit an intraday high of 11,481.05
and low of 11,411.10. It closed 35.70 points higher at 11,464.
Albeit Nifty50 closed in a positive zone it registered a weak
candlestick pattern which resembles Doji kind of formation. For
the day, If Nifty sustains above 11,450 then we might expect
upside momentum until 11,500-11,540 while on the lower side
strong support can be expected near 11,400-11,365.
Bank Nifty opened positive but failed to hold its gains at higher
levels and drifted towards 28,300 levels, closing 0.06 percent at
28,538.80. It is finding support near to 28,000 levels while
hurdles are intact at higher levels as it got stuck in broader
trading range between 27,500 to 28,800 levels from past nine
trading sessions. Bank Nifty needs to hold above 28,500 to
witness a bounce towards 28,800 then 29,200 zones while on
the downside support is seen at 28,000 then 27,750 levels.
Levels to watch
R1 R2 S1 S2 Outlook for the Day Short term Outlook
NIFTY 11500 11540 11400 11365 Sideways Positive
BANK NIFTY 28800 29200 28000 27750 Sideways Positive
USD/INR 71.55 71.70 71.10 70.94 Positive Positive
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Financial & Economic Wrap Up
Indiabulls Housing Finance has filed a criminal
complaint with the Mumbai police against certain
people who have allegedly been spreading false news
to harm the company. According to a release filed with
the exchanges, the accused persons, “have hatched a
pre-planned criminal conspiracy with intent to cause
wrongful loss to Indiabulls Housing Finance Limited, its
shareholders and investors.”
Lead-acid battery major Exide Industries
Ltd on October 16 said it has forayed into the
manufacturing of e-rickshaws that will help the
company with an incremental revenue of Rs 120 crore
in the first year of operation. Its e-rickshaw brand
'Exide Neo' was launched on Wednesday that would
be built at Dankuni, West Bengal at a leased facility,
the company said. The company has planned to roll
out its e-rickshaws initially in select markets such as
Bihar, UP, West Bengal and the North East and will
introduce the vehicle across the country in a phased
manner, Exide Industries MD and CEO Gautam
Chatterjee said.
VTB Capital has got the right to sell the 10.71 percent
stake held by Essel Media in Zee Entertainment
Enterprises. "Pursuant to the rights under the loan
facility, and upon instruction from the lenders, VTBC
has acquired the right to direct the disposal of 10.71
percent stake in the Target Company held by Essel
Media Ventures on October 11, 2019, and this
disclosure is being made accordingly.
Parle Biscuits, part of Parle Products, saw a 15.2
percent increase in its net profit in FY19, according to
news reports. Business platform Tofler pegged Parle
Biscuits' FY19 net profit at Rs 410 crore, against a Rs
355 crore net profit in the FY18, News18 reported.
Two external directors on the board of Reserve Bank
of India (RBI) questioned Governor Shaktikanta Das
about scams that have been unearthed in the banking
sector since 2018, according to an Economic
Times report. The directors questioned Das over the
Punjab National Bank (PNB) scam involving fugitive
economic offender Nirav Modi and his uncle Mehul
Chowksi, irregularities detected following the
IL&FS scam that surfaced in September 2018, and the
recent Punjab and Maharashtra Co-operative Bank
(PMC) Bank scam.
Indices Performance
Index LTP Previous Close % Change
S&P BSE Sensex 38598.99 38506.09 0.24
Nifty 50 11464.00 11428.30 0.31
Nifty Midcap 50 4275.40 4290.65 -0.36
Nifty 500 9281.85 9253.85 0.30
Bank Nifty 28538.80 28555.10 -0.06
Institutional Flows (Cash Segment)
Description (Rs in Cr) BUY SELL NET
FII Activity 5765.06 5078.73 686.33
DII Activity 5050.01 3473.28 1576.73
FIIs Derivative Statistics
BUY SELL
No. of Contracts
Amount (INR. Cr.)
No. of Contracts
Amount (INR. Cr.)
Index Futures 46226 3419.53 42852 3011.93
Index Options 3807081 246238.16 3819175 247318.50
Stock Futures 230796 12614.20 217764 11867.83
Stock Options 78131 4413.15 77258 4410.81 Top OI Gainers
Scrip LTP % Change
in Price OI % Change
in OI
MINDTREE 2879 742.2 1727400 28.7
CHOLAFIN 1353 271.65 3382500 9.82
CASTROLIND 1679 129.55 5708600 9.24
BAJFINANCE 28324 4034.4 7081000 7.92
EXIDEIND 4898 183.75 11755200 7.39 Top OI Losers
Scrip LTP % Change
in Price OI % Change
in OI
STAR 1643 350.45 1971600 -9.13
WIPRO 8887 249.6 28438400 -6.41
TATAELXSI 2737 674 1642200 -6.14
TORNTPHARM 936 1645.7 468000 -4.59
ACC 5638 1525.65 2255200 -4.42 Volume Spurt: Cash Segment
Scrip LTP Quantity
Change (%) Price Change
(%)
BAJAJ CONSUMER CARE 244.35 35.02 19.99
GICRE 260.6 24.42 19.98
THE NEW INDIA ASSURANCE 113.85 27.37 19.97
Jaiprakash Associates 2 57.52 -6.98
PNB HOUSING FINANCE 380 28.94 -12.98 **Change from average Quantity, rest other % are over previous day’s close unless otherwise mentioned
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Put Call Ratios
OI Wise Volume wise
BOSCHLTD 3.86 BEARISH INFRATEL 2.27 BEARISH
CUMMINSIND 1.69 BEARISH INDIGO 1.50 BEARISH
BAJFINANCE 1.46 BEARISH MARUTI 1.43 BEARISH
HINDUNILVR 1.34 BEARISH MUTHOOTFIN 1.27 BEARISH
DLF 1.33 BEARISH BRITANNIA 1.27 BEARISH
w
0
1,000,000
2,000,000
3,000,000
11100 11300 11500 11700 11900Op
en
Inte
rest
Strike Price
Open Interest-Call/Put
CE-OI PE-OI
-500,000
0
500,000
1,000,000
11
10
0
11
20
0
11
30
0
11
40
0
11
50
0
11
60
0
11
70
0
11
80
0
11
90
0Ch
ange
in IO
Strike Price
Change in Open Interest - Call/Put
Change in OI-CE Change in OI-PE
Nifty OI – Call Put Analysis
F&O Wrap-up
• Nifty October series future closed at 11475.55 Premium of 11.55 Point compared to Nifty spot which closed at 11464
• Nifty OI wise Put-Call ratio stood at 1.07 and volume wise put-call ratio stood at 1.06
• India VIX has decreased by 3.44 percent and closed at 16.2700
• The open interest in Nifty Futures increased from 16,07,699 to 16,56,142
Quarterly Results Today (Q2)
3I INFOTECH LTD. DHFL PVR LTD.
Adroit Infotech Ltd FORCE MOTORS LTD. Shemaroo Entertainment
AMAL LTD. INDIA STEEL WORKS LTD. SOUTH INDIAN BANK LTD.
AUTOMOTIVE STAMPINGS & ASSEMBLIES JAY BHARAT MARUTI LTD. TVS MOTOR COMPANY LTD.
CHENNAI PETROLEUM CORPORATION Larsen & Toubro Infotech Ltd Unick Fix-A-Form And Printers
Cyient Limited MASTEK LTD. ZEE ENTERTAINMENT ENTERPRISES
Corporate Action
Company Ex-Date Purpose Record Date
HINDUSTAN UNILEVER LTD. 23-Oct-19 Interim Dividend - Rs. - 11.0000 24-Oct-19
INFOSYS LTD. 23-Oct-19 Interim Dividend - Rs. - 8.0000 24-Oct-19
ICICI PRUDENTIAL CAPITAL PROTECTION ORIENTED FUND SERIES X 1235 DAYS PLAN A-CUMULATIVE 23-Oct-19 Redemption of Mutual Fund -
AMALGAMATED ELECTRICITY CO.LTD. 24-Oct-19 Stock Split From Rs.10/- to Rs.5/- 25-Oct-19
Artemis Global Life Sciences Ltd 24-Oct-19 Amalgamation 25-Oct-19
ICICI Prudential Capital Protection Oriented Fund Series IX 1378 Days Plan D Regular Pln Cumu Opt 24-Oct-19 Redemption of Mutual Fund -
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